Photographer: Brendon Thorne/Bloomberg

Aussie Budget Gets $4.8 Billion Boost as Turnbull Wins Savings

  • Australian opposition agree on package of laws to cut deficit
  • Treasurer Morrison says deal will impress ratings agencies

Australian Prime Minister Malcolm Turnbull’s bid to rein in a budget deficit has been boosted after the main opposition backed a package of laws that will result in A$6.3 billion ($4.75 billion) of savings.

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